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Jan 24, 2013
01/13
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the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of this command of one to you what you have to say. apparently the senate will okay this idea that it won't get paid if they don't create a budget. that's not really true. they will get paid, but the money will go into an account somewhere and be held for a while. they eventually will be paid. the end of the day and don't really see any bodies and getting smacked. >> well, the money will be held until the very end of 2014, the end of this congress. another thing people wanted paychecks held for 20 months. at think this is the only thing that got their attention. to
the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of...
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Jan 23, 2013
01/13
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we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their stand. we'll have a good robust debate about the level of spending we'll have in this country. the cuts in the sequester are too much for the pentagon for republicans to like. that will be focus rather than having republicans blamed for defaulting on the debt or shutting down the government. that was a shrewd move on their part. melissa: everybody talks about we need to get entitlement spending uncontrol.
we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in...
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Jan 23, 2013
01/13
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coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, beca
coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little...
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Jan 22, 2013
01/13
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FOXNEWSW
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i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems to me one of the large problems that small businesses have, correct me if i'm wrong, there's no certainty because congress and the president never make up their mind and they bring everything to the brink and pass something for three months. you don't no he what's going to happen with our tax structure or the debt ceiling. am i right? they don't sit down and make a decision that the lack of impact to make decisions in your business. >> one thing is a lack of certainty and the things we're certain of for small businesses, and hate to keep beating a dead horse, president obama is one of the job killers in
i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a budget at the senate, that begins the conversation. >> greta: it seems...
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Jan 22, 2013
01/13
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when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it very much. i, we should move past the name-calling phase. >> one thing was pretty clear from the president's speech yesterday. the era of liberal system back and unabashedly far left of center inauguration speech. certainly brings back memories of the democratic party of ages past. if the president pursues that kind of agenda, obviously it is not designed to bring us together. >> house speaker john boehner is meeting with the house republican conference right now. according to a source in the room boehner is calling for the republican party to present a budget that balances the federal budget in 10 yea
when it comes to a longer term debt solution, longer-term debt ceiling solution and when it comes to taxes and spending the parties are far apart as they always been a day of a the president's inauguration and one which both parties have a very different take on the president's address. >> people can criticize president obama about a lot of things but not his ability to communicate and i think he communicated to the american people a message of hope, a message of action, and i liked it...
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Jan 22, 2013
01/13
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let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i have heard that speech to the point that it makes me think you d't realize while you're in the majority, conservative republicans -- >> thank you. lou: that you don't realize fully that you're in a majority of a house that is only one-third of government. >> oh, listen, i get it, but nothing that raises revenue, nothing that provides money to any part of our government gets there unless the majority in the house pass it. lou: right. >> lou, that's leverage to bring spending under control. we've just finished two years where every fight we came up to, we were told, you know wh
let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i...
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Jan 25, 2013
01/13
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ceiling. >> we will for this election cycle. >> john: but most of them lost. >> true. it is not easy to sign. it is hard to say you not increase bar wing are spending. john: therefore i pledge of unauthorized refund in new programs without offsetting cuts. i will not vote for any budget that is not balanced? that seems unrealistic. if you just slow the growth you could get a sadr trouble it is not unrealistic. >> the budget is not a blueprint. but the senate has not passed in the last 3-1/2 years. it is less relevant than the other two. >> it be a fiscal conservative senator but at least now he is on the record if he votes for new spending programs, he can be held accountable. john: of fox news poll asks government spending is out of control or managed carefully? sixty-two% said out of control but this year, 83%. why do people think that? >> if you ask mr. doo audience that but it. >> who your representative peter. but if you are spending 10,001 the need to do? the average person does not ask for the $5,000 raise but they will say i need to look at what i'm spending on
ceiling. >> we will for this election cycle. >> john: but most of them lost. >> true. it is not easy to sign. it is hard to say you not increase bar wing are spending. john: therefore i pledge of unauthorized refund in new programs without offsetting cuts. i will not vote for any budget that is not balanced? that seems unrealistic. if you just slow the growth you could get a sadr trouble it is not unrealistic. >> the budget is not a blueprint. but the senate has not...
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Jan 24, 2013
01/13
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i think the debt ceiling punt was the latest example of this. the president says, if we don't do this the market is going to implode and congress puts its tail between it legs. i haven't heard anything from s&p or moodies who say we want the debt ceiling to go higher. everybody watching this show who has cut back 0, government has to learn how to do the same thing. it's cowardly in washington to continue to hide behind the notion that we're going to collapse overnight as a nation if we don't keep spending ourselves to death. >> i agree. congressmen have basically sent a message that today is not the day we're going to stop spending our children's and grandchildren's money, and charles is exactly right. the reason why our credit got downgraded is because of our out of control spending and out of control debt. the fiscal cliff deal even we just witnessed, it's such -- added four trillion dollars to our deficit over the next ten years. so, congress is not serious about reigning in spending and that's exactly when the we need to too. >> but they're
i think the debt ceiling punt was the latest example of this. the president says, if we don't do this the market is going to implode and congress puts its tail between it legs. i haven't heard anything from s&p or moodies who say we want the debt ceiling to go higher. everybody watching this show who has cut back 0, government has to learn how to do the same thing. it's cowardly in washington to continue to hide behind the notion that we're going to collapse overnight as a nation if we...
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Jan 29, 2013
01/13
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that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that could shut down the federal government. you're looking at debt ceiling all the way on may 18th. congressional aides saying treasury is telling them pause of extraordinary measures they can use, this pushes the debt ceiling day back to sometime this summer perhaps if this is a bill that clears congress and the senate is going to consider it the next couple of days and likely it does pass of the because the debt ceiling is pushed off and the next real fast deadline is march 27th, that government spending deadline, analysts say that increas
that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that...
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Jan 22, 2013
01/13
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>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these programs starting to run out of at least some money and then they will raise taxes on wealthier people to fund them? there has to be a long game plan >> you are talking about these politicians acting like adults and thinking long-term. i do not think there is a long-term game plan when it comes to dealing with entitlements. connell: paul krugman wrote a big piece about that. we do not have to do with it now, just put it off. >> just think about the debate that we are having right now. democrats are saying we need to raise taxes for government spending. it is medicare, social sec
>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these...
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Jan 22, 2013
01/13
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but republicans decided not to make the debt ceiling a big issue. was a three budget extension and a month supporter of no pay with no budget but we need to focus on spending. it is a problem but we do need more investment was critical infrastructure but they have to be coupled with a concrete and forceful proposal to deal with deficits. neil: hope springs eternal as they went to the party of president has been reelected to undo what bill clinton tried to do not big government as the enemy but efficient doing the will of the people without wasting the money but this president might be the most liberal since fdr not to know if his way is the right way but it could be his way or the highway. we will see you tomorrow.
but republicans decided not to make the debt ceiling a big issue. was a three budget extension and a month supporter of no pay with no budget but we need to focus on spending. it is a problem but we do need more investment was critical infrastructure but they have to be coupled with a concrete and forceful proposal to deal with deficits. neil: hope springs eternal as they went to the party of president has been reelected to undo what bill clinton tried to do not big government as the enemy but...
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Jan 23, 2013
01/13
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republicans came to the senses, okay, not touching the debt ceiling, let it float. in return, you see the democrats in the senate drawing up a budget. i think obama's -- his olive branch is, okay, i'll take this one extension to bring stability to the situation, but it's not happening again because we have to get the job doab. it's progress. it's better than the last few months. lou: some combative about it and characterize the president as being so contentious. it's the first intelligent step taken by the republicans and gives, you know, i i think hope to the nation, the first intelligent step taken by the president. they actually are moving towards one another. it looked to me like something we ought to be kind of saying hallelujah about other than analyzing, if i may, in such, well, i don't know, unsettling parts of the terms. >> it's progress. >> the heavy weight boxes match, they touch the gloves at the start of the fight. please, don't misinterpret that's a good sign. it's a show to the nation. lou: see, i'm surrounded by cynicism. everywhere i turn around her
republicans came to the senses, okay, not touching the debt ceiling, let it float. in return, you see the democrats in the senate drawing up a budget. i think obama's -- his olive branch is, okay, i'll take this one extension to bring stability to the situation, but it's not happening again because we have to get the job doab. it's progress. it's better than the last few months. lou: some combative about it and characterize the president as being so contentious. it's the first intelligent step...
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Jan 22, 2013
01/13
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. >> a fox news alert on the showdown over the debt ceiling. house republicans shifting gears allowing new plans to allow the government to keep borrowing money for several more months preventing a first default on u.s. obligations that could come a week from today. there's a catch. welcome to "america live," i'm in for megyn kelly today. the legislation would require lawmakers to pass a budget and if they don't, they don't get paid. a vote is scheduled for tomorrow and house republicans hope this will prod senate democrats to pass a budget in more than four years. and the president will not block this, but the administration is not thrilled with such a short-term plan. >> we support the idea that the deficit ought not to be a political football that, by becoming that does damage to our economy. so we would clearly, we want to see the debt ceiling sort of removed from the process of the very important debates that we have over what we pay for, how much revenue we bring in, how we get our fiscal house in order in a way that helps the economy gro
. >> a fox news alert on the showdown over the debt ceiling. house republicans shifting gears allowing new plans to allow the government to keep borrowing money for several more months preventing a first default on u.s. obligations that could come a week from today. there's a catch. welcome to "america live," i'm in for megyn kelly today. the legislation would require lawmakers to pass a budget and if they don't, they don't get paid. a vote is scheduled for tomorrow and house...
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Jan 23, 2013
01/13
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nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united states of america? >> i have no idea. but i can tell you -- >> if you don't have any, maybe it is to defeat the objectives that this president, at whatever cost some so-call leaders have said. they want to stop this president and they were unsuccessful in that measure. maybe they decided to change tactics and maybe this discussion is unnecessary and we find some other way to get a hand on the deficit. let me thank you to your contribution to this conversation as you have so many times before. i yield back my time. >> thank you, mr. johnson is
nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united...
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Jan 25, 2013
01/13
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. -- debt ceiling." what we're talking about here is congress' power to borrow money and how we should be paying our bills based on that or some other med of -- method of raising revenue. so i think that's important to keep in mind. >> mr. hoagland, you were a member of that task force as well. >> yes. and in fairness, congressman, that task force also recommended a balanced plan that included tax increases as well as spending cuts, more on the spending side than the reduction in the rate of growth. the occasions of the debt level that were headed at 77% growing into the future i think has jeopardized, quite frankly, our standing in the world. when we have about 40, 50% of in this debt owned by invest beers outside of the ideas -- investors outside of the united states, we're raising questions about the sovereignty of this country going forward. and in terms of where's the turning point, i think that's the problem most economists would say they can't answer that question. who knows when that last drop in
. -- debt ceiling." what we're talking about here is congress' power to borrow money and how we should be paying our bills based on that or some other med of -- method of raising revenue. so i think that's important to keep in mind. >> mr. hoagland, you were a member of that task force as well. >> yes. and in fairness, congressman, that task force also recommended a balanced plan that included tax increases as well as spending cuts, more on the spending side than the reduction...
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Jan 23, 2013
01/13
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a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over the sequester. remember that's that across the board budget cut postponed during the fiscal cliff fight in december and january. now that will be the first fight up at the beginning of march. republicans feel that that is a much more safe political ground for them to fight on than to fight over the debt ceiling which of course could threaten a default on the nation's obligations so we do expect this vote within the next couple of minutes here to pass by republicans, then it will go over to the senate side and the white house ha
a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over...
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Jan 23, 2013
01/13
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this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. th
this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term...
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Jan 24, 2013
01/13
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also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmicknd saia 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling aft
also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do....
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Jan 22, 2013
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ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who'
ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit...
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Jan 24, 2013
01/13
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they agreed with speaker gingrich when he said don't move the debt ceiling. sequester is the key. >> sequester is the key. it what his boss and president obama do not want. it would trim 1.2 trillion dollars, most of which would come out of social programs. however, if you were going to annihilate the republicans, would you choose to split the gop? in other words, i'm interested in the mechanics of this annihilation scenario. let me begin with immigration. the republican party is split on immigration. i'm glad they're split on immigration. at least now there are new sensible voices. i tend to be a little more enlightened on this. is immigration where obama go to split the gop? >> if you want me to be honest -- >> be totally honest. >> you want annihilation. can you say that on this show. >> thank you. i think kelly ann might be able to back me up on this. i think the annihilation of the republican party is happening by elements of the republican party. you talked about the split you have. you have a lot of enlightened people such as yourself burr you have a l
they agreed with speaker gingrich when he said don't move the debt ceiling. sequester is the key. >> sequester is the key. it what his boss and president obama do not want. it would trim 1.2 trillion dollars, most of which would come out of social programs. however, if you were going to annihilate the republicans, would you choose to split the gop? in other words, i'm interested in the mechanics of this annihilation scenario. let me begin with immigration. the republican party is split on...
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Jan 23, 2013
01/13
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house will vote today on raising the debt ceiling. secretary of state hillary clinton testifies before house and senate committee today about the september terrorist attack in benghazi, libya. republicans are talking about their own priorities and reacting to president obama's inauguration speech. we're like to hear your advice for the president for his second term. here are the numbers to call. you can also find us online. share your comments over twitter or join the conversation on facebook. you can also e-mail us. we're asking you this morning your advice for the second obama administration. isedobama speech rate stark choices, says the new york times. we would like to hear from you this morning, what you think republican options are and what your advice is. here's what's happening on capitol hill today. house gop poised to extend the debt limit. that's the headline in "usa today." the bill would buy time and would set the stage for a physical fight. house republicans are scheduled to vote today to extend a $16.40 trillion at the o
house will vote today on raising the debt ceiling. secretary of state hillary clinton testifies before house and senate committee today about the september terrorist attack in benghazi, libya. republicans are talking about their own priorities and reacting to president obama's inauguration speech. we're like to hear your advice for the president for his second term. here are the numbers to call. you can also find us online. share your comments over twitter or join the conversation on facebook....
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Jan 23, 2013
01/13
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after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to a fight over potential default on u.s. obligations in which they can be po portrayed as reckless. republicans liked it and voted for it but in the end the wlous says, it will sign the bill of the white house press secretary jay carney said it is not entirely perfect. take a listen. >> ideally we would extend a raise the debt ceiling for a long period of time. so that this is not a question. so that uncertainty that surrounded this issue of late because of the political jat ji that house republicans have taken will be removed or would be removed. >>
after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to...
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Jan 24, 2013
01/13
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KRCB
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house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday ter t republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would move to balance the budget. >> they understand you can't continue to spend money that you don't have. we're committed to doing a budget on the house side. a budget that will balance over the next ten years. it's time for the senate and the president to show the american people how they're willing to balance a budget over the next ten years. >> the bill now goes to the senate where it's expected to pass and be approved by the white house. republicans will continue to push the government to review social security spending. the bill urges congress to compile an outline of the 2014
house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday ter t republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that they were not consider the markets on a financial default. john boehner said to show the american people that it would move...
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Jan 23, 2013
01/13
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FBC
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this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the senate will pass it. >> i thank speaker boehner for his leadership in diffusing a fight over the debt ceiling debate. >> now the white house says the president will not stand in the way of this bill becoming law but they are seeking a longer term debt ceiling solution as are democrats and republicans. the problem is, how are you going to do it? republicans say they will come out with a budget that makes sure the balanced budget occurs in the u.s. by the next 10 years, but they say they don't have to raise taxes to do it. democrats are still
this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the...
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Jan 26, 2013
01/13
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WETA
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i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are expressing a willingness now to let set in at the end of march. that would mean another fight and struggle. >> all this will unfold in six months probably. not a year from now. he is in a good position to fight for the next six months. >> there was an interesting and little-noticed thing this week. the economic numbers in britain came out where they have had a very tough, brave austerity program, and now they are possibly entering into a triple dip recession. it is an example, perhaps, of too much austerity. france may be an example of too much non-austerity. but if we go through sequester, people will actually see what those cuts mean. i suspect there will be a rebellion over it. >> you could hardly accuse the united states of indulging in too much austerity. we have added $5 trillion of debt in four years. that would be a new definition of austerity. >> i am no
i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are expressing a willingness now to let set in at the end of march. that would mean another fight and struggle. >> all this will unfold in six months probably. not a year from now. he is in a good position to fight for the next six months. >> there was an interesting and little-noticed thing this week. the...
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Jan 23, 2013
01/13
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KPIX
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. >> and republicans reached a deal on the debt ceiling but there's a catch. the latest from washington. coming up next. >> from the cbs 5 weather center, good afternoon, everyone. sure, we have some rain showers in and around the bay area. that's our live camera looking out towards mount vaca. the rain and how long it will stick around as eyewitness news continues right here on cbs 5. about to pay more the next time you mail. the u-s postal >>> hope you stocked up on forever stamps because if you didn't, you're about to pay more the next time you mail out. the u.s. postal service is upping the cost of a stamp by a penny this weekend. now it will cost 46 cents to send a letter. 33 cents for a postcard and for the first time ever, the postal service is going to start offering a global forever stamp for $1.10. >>> there is a truth in the battle over the debt limit. the house passed a bill that business the country another 4 months before default but the measure forces the senate to do something it hasn't done in four years. cbs news reporter randall pinkston exp
. >> and republicans reached a deal on the debt ceiling but there's a catch. the latest from washington. coming up next. >> from the cbs 5 weather center, good afternoon, everyone. sure, we have some rain showers in and around the bay area. that's our live camera looking out towards mount vaca. the rain and how long it will stick around as eyewitness news continues right here on cbs 5. about to pay more the next time you mail. the u-s postal >>> hope you stocked up on...
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Jan 24, 2013
01/13
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FBC
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i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in slightly better than expected, $32.6 million. >>> officials at sac capital are giving investor an update on an investigation by the securities & exchange commission. that's what sources are telling fox business network senior correspond
i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in...
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Jan 24, 2013
01/13
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FBC
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. >> the debt ceiling, they could have the focus on entitlement reform. hopefully that is what we will do over the next 90 days. hard-working officials in the house and reform. stuart: come back and contradict the president any time you like. next a man who does business with microsoft sells software but is still critical of the company's the executive as am i. why can't microsoft be the one to challenge apple? what will it take? the man from microsoft is next. [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ stuart: it looks like apple's pain is a gain for its competitors. tell me how. nicole: let's take a look at the competitors. research in motion, new multi-year high, apple is down 10%. seeing research in motion, google, yahoo! microsoft, amazon with the arrows, some of which are hitting multi-year highs. google isn't 1.8%, same with yahoo! and microsoft. our viewers -- stuart: thank you very much for that little plug. avalanche netflix making news today. we won't forget my favorite
. >> the debt ceiling, they could have the focus on entitlement reform. hopefully that is what we will do over the next 90 days. hard-working officials in the house and reform. stuart: come back and contradict the president any time you like. next a man who does business with microsoft sells software but is still critical of the company's the executive as am i. why can't microsoft be the one to challenge apple? what will it take? the man from microsoft is next. [ wind howls ] [ dog barks...
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Jan 28, 2013
01/13
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KNTV
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we know this week that the house voted to extend the debt ceiling for a few months. we still face the sequestration and the continuing resolution. how does this play out? >> forever. >> feels like that. >> forever. they don't agree. so we're seeing an overlay of this, you know, one side the republicans, the other side the democrats. and i must say post-election, president obama has become more aggre aggressive. military spending, they don't agree with what taxation should be, title, on and on and on. gun control, they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that, a constitutional crisis in a way because this whole debt ceiling has been a weapon that the house of representatives have used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. i don't know how it the play out. >> meanwhile, the marketses are on fire. the s&p 500 hitting a new five-year high along with the dow jones industrial average. what is driving t
we know this week that the house voted to extend the debt ceiling for a few months. we still face the sequestration and the continuing resolution. how does this play out? >> forever. >> feels like that. >> forever. they don't agree. so we're seeing an overlay of this, you know, one side the republicans, the other side the democrats. and i must say post-election, president obama has become more aggre aggressive. military spending, they don't agree with what taxation should be,...
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Jan 22, 2013
01/13
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CSPAN
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in fact, we have a debt ceiling vote tomorrow. we're not voting to raise the debt ceiling, mr. speaker. we're voting to suspend it. i think this is bad policy because i think that markets, business people and everybody else needs to know that the congress is going to stand by the credit rating and the debts of the american people. we're not going to default. we shouldn't threaten that we are, mr. speaker. it's bad. it's not a good thing to do. mr. speaker, it's important for the american people to know that when we talk about raising the debt ceiling, congress is not approving new spending. we're not borrowing -- we're saying that we're going to pay the bills on debts we already acquired. mr. speaker, it's kind of like this. if you have a family and somehow you have a mortgage to pay, you've already obligated to pay a mortgage, now, if you don't have the money for your mortgage, you may have to go to your cousin, your brother, your uncle and say, i need you to help me until next week so you can pay the mortgage. now you borrow money to an obligation you already owe. and if you
in fact, we have a debt ceiling vote tomorrow. we're not voting to raise the debt ceiling, mr. speaker. we're voting to suspend it. i think this is bad policy because i think that markets, business people and everybody else needs to know that the congress is going to stand by the credit rating and the debts of the american people. we're not going to default. we shouldn't threaten that we are, mr. speaker. it's bad. it's not a good thing to do. mr. speaker, it's important for the american people...
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Jan 29, 2013
01/13
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FOXNEWS
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in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement there you'd have a government shutdown on may 18th, that's the next debt ceiling deadline if this does manage to pass the house and the u.s. senate and go to the president's desk for his signature. analysts are saying next up now is that big government spending fight dealing with the appropriations process, and it makes it more likely now with that up next that there could be a goth shutdown. a government shutdown. >> you know, take off the worst case elements of what, you know, could be a worst case scenario by removing the debt ceiling, essentially, and then have just a good old fight on spend
in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement...
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Jan 24, 2013
01/13
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FBC
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the debt ceiling is going up, we know that. the fiscal cliff was afraided. -- avoided. one presidential advisor says it is time for washington to do the real work to boost the economy. ed lazear is here next. tracy: nasdaq ceo bob greifeld weighs in on the new york stock exchange plans to tie up with nasdaq's former partner ice. liz claman talks with him in davos. that is coming up. first as we do every day at this time of day, let's look how oil is trading, up, just under 1%. $96 a barrel even. we'll be right back what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur
the debt ceiling is going up, we know that. the fiscal cliff was afraided. -- avoided. one presidential advisor says it is time for washington to do the real work to boost the economy. ed lazear is here next. tracy: nasdaq ceo bob greifeld weighs in on the new york stock exchange plans to tie up with nasdaq's former partner ice. liz claman talks with him in davos. that is coming up. first as we do every day at this time of day, let's look how oil is trading, up, just under 1%. $96 a barrel...
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Jan 25, 2013
01/13
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FBC
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we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something really interesting that is happening. the jcj the correlation index. little in the weeds here. but what it really measures how stocks are correlating to the s&p 500. when stocks are correlating a lot, that's bearish stocks and it makes stock picking very, very difficult because really you're picking stocks, a slave to the overall market. that index is now at precrisis lows. so stock pick something now something we can do. something we haven't been able to do for a long period of time. so what are we seeing this first quarter? stocks are moving but the indexes are not. so you're being rewarded for being a good stock-picker and being penalized, apple, for being a bad
we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something really interesting that is happening. the jcj the correlation index. little in the weeds here. but what it really measures how stocks are...
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Jan 21, 2013
01/13
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whether to extend the debt ceiling. well, maybe we will extended for three months without spending cuts. i think they're feeling their oats right now plan that was reflected by that statement by chuck schumer. lori: without question. thank you so much. love your insight. >> thank you, melissa. melissa: breaking news. the death toll from the algerian gas plant seeds climbing past 80 people as more bodies are being found. u.s. officials say that the american casualties now stand at three people. straight to fox news with more. >> well, that toll is likely to continue to increase in the coming days and maybe even weeks. aagerian officials continue to sift through the entire debris at the tax side. dozens of people are still unaccounted for. officials say they're finding dozens of mangled bodies all over the facility. it is really difficult to tell whether or not they are the bodies of hostages or the attackers. making matters worse according to algerian officials, fears a booby traps and mines all over the gas facility. me
whether to extend the debt ceiling. well, maybe we will extended for three months without spending cuts. i think they're feeling their oats right now plan that was reflected by that statement by chuck schumer. lori: without question. thank you so much. love your insight. >> thank you, melissa. melissa: breaking news. the death toll from the algerian gas plant seeds climbing past 80 people as more bodies are being found. u.s. officials say that the american casualties now stand at three...
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Jan 22, 2013
01/13
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guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without having spending cuts. they have come up with a plan to extend it for a few months until may. if the democrats in the senate have not reduce a budget with spending cuts, they will set aside the pay of members of congress. it is a tricky maneuver on their part. their goal is to get senate democrats to pass this. the senate has been unable to pass a budget for the past four years. it will be a days off between the parties over the debt limit. we will get a good look at that legislation. host: senate democrats said they will pats a budget. guest: it may not include the spending cuts republicans are looking or. host: larry, san diego, democratic caller. caller: i disagree with your host that after 18 months or two years obama will no longer be effect it. -- effective. when that the house. he may be able to do more in his last two years and his last four years. guest: if the democrats can take back the h
guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without having spending cuts. they have come up with a plan to extend it for a few months until may. if the democrats in the senate have not reduce a budget with spending cuts, they will set aside the pay of members of congress. it is a tricky maneuver on their part. their goal is to get senate democrats to pass this. the senate has been unable to pass a budget...
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Jan 21, 2013
01/13
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CNBC
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we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in the private sector, which needs to be fluffed off. there's a deraef raejing that you've been seeing right across the western world is still going to go on, i think, for the best part of this decade. >> and we heard leading up to this election that rarely has a u.s. president been elected with such high levels of unemployment. what was different this time? >> oh, i think it had something to do with the candidate he was facing not being able to energize the public. but i also think, look, reflation? the public loves that, right? free money. >> but do th
we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in...
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Jan 28, 2013
01/13
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. >> that being the debt ceiling. >> the debt ceiling is a big issue. the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still think unfortunately washington and the ranker and the political system remains one of them. >> it sounds you're not as worried about washington. >> we're sadly becoming immune to their antics. >> we'll leave it there. good to see you. thank you so much. >>> about ten minutes to go before we close it up on monday on wall street here. dow jones industrial average still hanging in just below 13,900. >>> well, it has been the feud that continues to be the buzz on wall street. >> and in 2003 i get a call
. >> that being the debt ceiling. >> the debt ceiling is a big issue. the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries....